Q4 2023 Sappi Ltd Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Sappi Limited Financial Results Announcement Fourth Quarter and Full Year 2023 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Steve Binnie, CEO. Please go ahead.
Thank you, operator. Good day to everybody. Thanks for joining on the call. As always, I will run through the investor deck, making a few comments and highlights. And then we will open it up for questions.
And I'm going to start on Page 3, which is a summary for the full financial year 2023. All in all, I think it's been a satisfactory year. As you know, we faced a number of macroeconomic challenges. And we also faced the impact of destocking throughout the year.
Having said that, there was a number of milestones. As I said, we delivered $731 million of EBITDA, which is satisfactory. The South African business actually delivered a
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